Ann: $5m Placement to Advance Windorah Gas Project, page-35

You are wrong about the only way they will get a return is if good news is forthcoming. They already have commission. They probably have already placed a proportion of the shares at a profit and retained the options for a later sale when they begin trading. Watch out for a few pumps and dumps over the short term as manipulation of the trading by bots will get more sold at a profit.

This is how pay day lender brokers operate. The profit was determined before they agreed to the deal. The ASX casino rules make it all legal. My opinion is that it is poor management by the directors to allow this to happen, particularly poor when twice in the short term.